Charles River Associates (NASDAQ:CRAI) Increases Dividend to $0.67 Per Share

Charles River Associates (NASDAQ:CRAI) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, November 24th will be paid a dividend of $0.67 per share by the business services provider on Friday, December 11th. This represents a $2.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, November 24th. This is a 17.5% increase from Charles River Associates’s previous quarterly dividend of $0.57.

Charles River Associates has increased its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend every year for the last 7 years. Charles River Associates has a dividend payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Charles River Associates to earn $9.43 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 24.2%.

Charles River Associates Price Performance

Charles River Associates stock traded up $8.19 during mid-day trading on Thursday, reaching $202.94. The company had a trading volume of 340,101 shares, compared to its average volume of 154,280. The stock’s 50-day simple moving average is $175.72 and its 200-day simple moving average is $166.18. Charles River Associates has a 1 year low of $132.17 and a 1 year high of $227.29. The company has a market capitalization of $1.27 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.45 and a beta of 0.64.

Charles River Associates (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, November 5th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.07 by $0.12. The business had revenue of $214.92 million for the quarter, compared to analyst estimates of $199.04 million. Charles River Associates had a return on equity of 27.31% and a net margin of 6.20%. On average, equities analysts forecast that Charles River Associates will post 8.43 EPS for the current fiscal year.

About Charles River Associates

Charles River Associates, operating as CRA International, Inc, is a global consulting firm that provides economic, financial, and management consulting services. The company advises corporations, law firms, government agencies, and other organizations on complex business, legal, regulatory, and strategic matters.

CRA’s services include economic and financial analysis for litigation and regulatory proceedings, antitrust and competition consulting, corporate strategy, business performance improvement, and investigations.